Filing Flows › Bassett Furniture Industries (BSET) › Q2 FY26
Bassett Furniture Industries (BSET) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jul 1, 2026
Bassett Furniture Industries (BSET) reported revenue of $83.8M for the second quarter fiscal 2026 (Q2 FY26), -0.7% from a year earlier and +4% from the quarter before. Operating margin was 2.7%, net earnings $2.0M (2.4% of revenue).
Bassett Furniture Industries, Q2 FY26: revenue $83.8M (-0.7% year over year), operating margin 2.7%, net earnings $2.0M, operating cash flow $7.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $83.8M | +4% | -0.7% |
| Gross profit | $47.3M | +5% | +0.9% |
| Operating profit | $2.2M | +94% | -10% |
| Net earnings | $2.0M | +83% | +6% |
| Operating cash flow | $7.4M | — | +6% |
| Free cash flow | $5.6M | — | +2% |
What changed
Revenue was $83.8M in Q2 FY26, down 1% year over year and up 4% from the previous quarter. Bassett Custom Upholstery was the largest line at 61% of revenue. Bassett Casegoods lost $798K year over year (down 8%), 134% of the total change.
Gross margin was 56.5%, up 0.9 points from Q2 FY25. Operating profit was $2.2M, a 2.7% margin (down 0.3 points year over year). Operating expenses grew 2% against a revenue fall of 1%. Net earnings were $2.0M, up 6% year over year. The effective tax rate was 26.5%.
Operating cash flow was $7.4M (up 6% year over year), 361% of net earnings. Non-cash charges added back $2.3M of depreciation and amortization. Working capital and other items added $3.0M. Capital expenditures of $1.7M left free cash flow of $5.6M.
Questions
What was Bassett Furniture Industries' revenue in the second quarter fiscal 2026?
Bassett Furniture Industries (BSET) reported revenue of $83.8M for the second quarter fiscal 2026 (Q2 FY26), -0.7% from a year earlier and +4% from the quarter before.
Was Bassett Furniture Industries profitable in the second quarter fiscal 2026?
Operating profit was $2.2M (2.7% of revenue) and net earnings $2.0M.